Cost is $1000. 

Skip forming a corporation for now—it won’t protect you from personal loans, and it adds unnecessary costs.

Even though the FMRs are $730, I was conservative and used $600 for my Pro Forma- The current owner hasn’t raised them at all because he didn’t want any turnover- outside of cleaning and painting, no big costs- Not Section 8 

@Cameron Porter ultimately the most important part is the ARV, inclusive of the expected rehab costs.

Can you give a cost breakdown?  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Selling means giving up an incredibly cheap cost of capital, especially in an appreciating area like 28277.I direct my investors to 28277 all the time for appreciation-focused plays.

That will cost you lots of donuts and coffee.   

Most my clients do conventional and some creative options for a bit extra financing if needed, saves a lot on fees/financing costs this way.  

With down payments, improvements, commissions, title work, holding costs etc....